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So, due dillegence will be done by first week in June. Where we will know what the deal is with the Niobrara area. Then they have plans to sink a horizontal well for 3.6mil.

AKK are doing a three well program at their Birch acquisition start of July.

Price wise AKK have worked off a pretty strong base since December 2010, with double bottom at 0.025c , with the 0.035 share raising sure it will dilute but if there are results the dilution will be worth it. But you cant knock these guys picking up the EFS area cheaper than EKA and having 4 wells lined up to drill.

They are looking to pay back their commencement project well in less than 6 months, thats not bad and after that its cash flow positive for atleast 3-5years.

Fair enough, there are those waiting for the outcome and I know this is purely speculative but a company with EFS and Niobrara shale is not a bad shot.

Surely, there are others out there with an opinion of this company. Any F/A, T/A or Ougi boarders out there that would like to share their thoughts .

<blockquote data-quote="jetblack" data-source="post: 633501" data-attributes="member: 16651">So, due dillegence will be done by first week in June. Where we will know what the deal is with the Niobrara area. Then they have plans to sink a horizontal well for 3.6mil.AKK are doing a three well program at their Birch acquisition start of July.Price wise AKK have worked off a pretty strong base since December 2010, with double bottom at 0.025c , with the 0.035 share raising sure it will dilute but if there are results the dilution will be worth it. But you cant knock these guys picking up the EFS area cheaper than EKA and having 4 wells lined up to drill.They are looking to pay back their commencement project well in less than 6 months, thats not bad and after that its cash flow positive for atleast 3-5years.Fair enough, there are those waiting for the outcome and I know this is purely speculative but a company with EFS and Niobrara shale is not a bad shot.Surely, there are others out there with an opinion of this company. Any F/A, T/A or Ougi boarders out there that would like to share their thoughts&nbsp; .<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" /><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" /><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" /></blockquote>

[QUOTE="jetblack, post: 633501, member: 16651"] So, due dillegence will be done by first week in June. Where we will know what the deal is with the Niobrara area. Then they have plans to sink a horizontal well for 3.6mil. AKK are doing a three well program at their Birch acquisition start of July. Price wise AKK have worked off a pretty strong base since December 2010, with double bottom at 0.025c , with the 0.035 share raising sure it will dilute but if there are results the dilution will be worth it. But you cant knock these guys picking up the EFS area cheaper than EKA and having 4 wells lined up to drill. They are looking to pay back their commencement project well in less than 6 months, thats not bad and after that its cash flow positive for atleast 3-5years. Fair enough, there are those waiting for the outcome and I know this is purely speculative but a company with EFS and Niobrara shale is not a bad shot. Surely, there are others out there with an opinion of this company. Any F/A, T/A or Ougi boarders out there that would like to share their thoughts .:):):) [/QUOTE]

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